Correlation Analysis
Fidelity National Information Services, Inc. vs JPMorgan Chase & Co.
FIS vs JPM
-0.275
Light inverse
When one moves up, the other tends to move down.
Fidelity National Information Services, Inc.
↗FIS
Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. In a recent deal with Global Payments, FIS sold off its remaining interest in Worldpay and acquired Global Payment's issuer processing business.
Market cap 24B · 44,000 employees
JPMorgan Chase & Co.
↗JPM
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with more than $4.4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates and is subject to regulation in multiple countries.
Market cap 792.5B
Time Series
Relative Performance
Who Moves First
in sync
FIS and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.275 (they moved in opposite directions).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+0.512
12 periods · Return correlation when both series rose
Both Falling
-0.267
10 periods · Return correlation when both series fell
Diverging
-0.251
13 periods · Return correlation when series moved apart
R-Squared
7.5%
Share of variance in one series explained by the other.
Trend Agreement
64.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [-0.325, -0.223]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Fidelity National Information Services, Inc.
FIS
Market cap 24B · 44,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.6646
Linear regression slope.
Intercept
245.3193
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
FIS
Fidelity National Information Services, Inc.
Highest
-0.050
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.837
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-fis-vs-stock-jpm-daily